[Pen-l] global keynesianism light

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

We do not know yet how successful those activities are going to be. But it is clear that they constitute a light, rather than a thorough, version of international or global keynesianism, since those measures fail to address three requirements of a thorough global keynesianism, namely (1) structural changes of the world financial system (Keynes' ideas at the time of Bretton Woods were more far-reaching with respect to creating a global currency), (2) reversing global income inequality, (3) global restructuring for environmental sustainability. That is a mistake (three mistakes, to be precise).

Gernot

^^^^^
CB: Did Keynes propose global restructuring for environmental sustainability ? Not that it's a bad idea. 



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